£159,499
This estimated value is based upon the latest sale price for the house of £50,000 on 14 Dec 2001. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £50,000 | 14 Dec 2001 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER MANCHESTER to estimate the market value.
When this house was purchased in December 2001 the House Price Index for GREATER MANCHESTER was 46.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 218.999%.Applying this 218.999% change to the original purchase price of £50,000 results in an estimated price of approximately £159,499.
| 14 Dec 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.9 | 149.7 | 218.999 % | £50,000 | £109,499 | £159,499 |
The Postcode Pricing Model uses changes in average sales price within the OL7 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 623.867 % | £311,933 | £361,933 |
| 3 Month Average | 251.269 % | £125,634 | £175,634 |
| 6 Month Average | 280.801 % | £140,400 | £190,400 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Oct 2023 | £127,905 | £125,000 | 6 EARLE STREET |
| 16 Jun 2023 | £198,988 | £195,000 | 11 FIRBANK CLOSE |
| 9 Jun 2023 | £122,454 | £120,000 | 16 FIRBANK CLOSE |
| 14 Mar 2023 | £104,749 | £103,000 | 42 EARLE STREET |
| 27 Jan 2023 | £128,343 | £128,000 | 46 FIRBANK CLOSE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 5 Jun 2016. Using an estimated price of £159,500 means this house is valued at £1,993 per sq meter (£185 per sq foot).
The average size of a house on KATHERINE STREET is 88 sq meters (955 sq feet).